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Vedder Thinking | Articles Investment Services Regulatory Update


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Topics include

New Rules, Proposed Rules and Guidance

  • SEC Issues No-Action Letter Permitting a Fund-of-Funds to Invest in Assets that May Not Be Deemed Securities
  • Division of Investment Management Issues Guidance on Personal Trade Reporting of Accounts Over Which Access Persons Have No Influence or Control
  • SEC Requests Public Comment on the Listing, Trading and Selling of Exchange- Traded Products
  • SEC Proposes Rules to Modernize and Enhance Investment Company and Investment Adviser Reporting
  • FINRA Issues Interpretive Letter on Related Performance Information

Litigation and Enforcement Actions

  • U.S. District Court Denies Motion to Dismiss Excessive Fee Case Against SEI Investments
  • FINRA Sanctions Wells Fargo, Raymond James and LPL Financial for Failing to Identify and Apply Mutual Fund Sales Charge Waivers Available for Certain Retirement Accounts and Charitable Organizations
  • SEC Settles Charges Against Auditor, Fund Administrator and Trustee in Connection with Auditor-Trustee Relationship
  • SEC Settles Charges Against Mutual Fund Board Members, Investment Adviser and Administrator in connection with Advisory Contract Approval and Disclosure Process
  • U.S. Supreme Court Allows Plaintiffs in 401(k) Plan Case to Pursue Breach of Fiduciary Duty Claims Under Continuing Duty Theory
  • SEC Settles Charges Against Nationwide Life Insurance Company For Failing to Process Purchase and Redemption Orders In Compliance with the 1940 Act

Other News and Developments

  • IRS Identifies Certain Basket Derivatives as Reportable Transactions

To read the Regulatory Update, click the link below.


Nathaniel Segal


John S. Marten